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Crypto-analysis

BTC pennant updateAn update to my previous post... Adjusting the support line slightly (the added blue line) the chart can be seen as already having broken out of a pennant. After the initial breakdown, it retested the support as resistance and failed. It then dropped 1.80% within the hour. In hindsight, it seems like a textbook pennant. In my previous post where I had a larger pennant (yellow line), I don't think it was based on enough data points (only 2 for the support). Whereas the green line has 3 points of contact. Of course, it should not be ignored that BTC is currently still in the larger pennant that I originally drew. The brief breakdown seen in the chart may be seen as a fakeout in the future before we pump and reach targets around 42k. Else there is still the possibility of breaking down to 38k. And the fakeout was simply bought up with some buying pressure before the real drop comes. I guess time will tell which way it will go... Let me know what you think below :)
INDEX:BTCUSDLong
by yeetus247
ZRX - 0x Price Idee and targetAfter the previous analysis which has been invalidated by BTC retracement we have a new bullish setup, let s recap the analysis: Rsi- pretty good, arround the middle leaving space for ZRX for growing MACD - Golden cross forming on 4H chart 3 higher highs follower by 3 higest lows confirming the bullish channel Fibbonacci - just closed 2 candels above the 0.50 zone leaving space for the new target at 0.618 zone Targets: 1.97 short term, probly gonna see ZRX at 2$ tomorrow 12/05 In the middle term the target for me is going to be 2.30$ then if by the end of the month we can consolidate above 2$ zone we might see a new ATH very soon
COINBASE:ZRXUSDLong
by BluexTrading
TrendyTrades: XRP May 2nd Analysis XRP has show some significant growth in the last few months. Looking at where it is today, I've analyzed a few key hourly and daily levels; along with some predominant Supply and Demand zones. I can see one of two different scenarios playing out here, first being that price breaks lower passed the Supply turned Demand area and into a 3HR Demand that hasn't been used yet at around: 1.3978 which is also confluent with a 1-Hour key level . If it reaches there, I can see a nice bounce up back into the supply zone around 1.6660, breaking it and reaching the next Supply zone at 1.7473 which is also confluent with a 1-Hour key level . Second scenario is displayed using the dotted line, please refer to the chart for direction. BINANCE:XRPUSDT
Long
by Trendy-Neck
4
Bitcoin Meets Powerful Resistances, to the moon or to the mud! Hello traders! You may be wondering... why can't Bitcoin break $40k so easily like the previous resistances? Today, I will explain with an analysis of why. Let's look at the diagram above. If we notice, there is strong resistance, the red dashed line, and the Fibonacci line. This may explain why it was so difficult to penetrate the $40k levels. Just look at the daily chart: Wow, tough. But it doesn't end there. IF we look at the RSI in the chart, we just bumped all-time high resistance! This makes the resistances at $40k even more powerful! Oversold RSI makes it scary... We don't end it here. The last time Bitcoin had a rally from the lower channel to the middle channel line, it miserably failed. Just look: Will we have the same thing happen? We have some support that the same thing may happen: 1. 5-wave Elliot, trend completed according to this evidence The image explains itself. Yikes! 2. Divergence Patterns, head and shoulders in Stochastics Image explains itself. 1 image = 1000 words 3. Parabolic Increase with both 300% increase Image explains itself again. 100 words = blurry images These factors increase the chance that we go to the floor, not the ceiling. What do you think? Tell me in the comments below! Based on these present-and-past facts, we can't decide just YET. It is a do or die, folks, and a matter of price and time. Good luck! Do not forget to click that like and follow buttons! Cheers!
BITSTAMP:BTCUSD
by Trader_ph
4
Bitcoin Correction Price targets! Live stream this afternoonWe hit our 41,937 price target from December almost on the damn nose! Clear bearish divergence at the 40,700 rejection yesterday. I tried to take a couple small positions as we came down but the momentum just kept going. We had a lot of support at 32,300 but have found ourselves bouncing off the 30k handle. I do not fully trust this is the bottom, but i dont think its the range we will start finding support in either. I think we MAY see a flash move down to lower areas where buy orders will be hit, resulting in a swift momentum to the upside. I dont really have a time frame but ive set up orders for when it happens We are printing hidden bullish divergence on the MACD hourly chart, but im not sure if the momentum is strong enough to pull us back up higher than 33178 short term That would be an area id watch for a reversal back to the downside. If we break the heartline support trend, and 30k support we could fill a futures gap as low as 25-26 I dont believe we will stay in that range but if you have cash on the side and want to do some averaging, id consider setting up a limit order for some lower levels If we continue to the upside from here, i will be a buyer above 34500 if we get solid confirmation of support but im focused mainly on trying to land a nice lower position 29500 28500 27500 and a big one in at 26500
COINBASE:BTCUSDShort
by TradingNomadic
4
NEO in HS pattern around neckline.This crypto currency is reaching point of control for bottom in March at 1D chart. I personally not buying. But it will be interresting to wach, how this pattern figure out. Beam indicator is green and volume tightening so breakout is near. However, if NEO fall below lower blue rising line, I expect this asset below 10usd ( HS target ). This HS is officialy broken. Conclusion probably come next week with Bitcoin direction. Let's see what happen. *This is not a financial advice.
BINANCE:NEOUSD
by Emvo